Miner Revenue represents the total income generated by participants who validate transactions and secure a blockchain network. This income typically comprises newly minted digital assets (block rewards) and transaction fees paid by users. It serves as the primary economic incentive for miners to dedicate computational resources to the network.
Context
Current analyses of Miner Revenue often focus on its composition, particularly the diminishing proportion of block rewards as block subsidies halve over time, and the increasing reliance on transaction fees. Discussions also revolve around how fluctuations in network activity and asset prices directly impact miner profitability, influencing network security and the operational decisions of mining pools.
This research introduces a novel transaction fee mechanism, overcoming a foundational impossibility theorem to ensure miner incentives and user truthfulness in blockchain networks.
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